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that says maybe you should move back into tech and out of some of those defensive consumer areas. >> we're not there. we've been advocating what we've been calling stocks with bond-like characteristics for better part of two years and we really pressed that at the beginning of this year. we are not ready to make that change. if through earnings season and as we get into the full april data set you really were to see a significant correction, probably in the overall market but certainly in those capital spend sensitive sectors, then you might get a window to do it. but we would not be doing that today. >> obviously, barry, then the alternative might be to continue to buy some of these defensive names and we see them at the top of the list today. the verizons and pepsis. don't you run into a valuation question there? how expensive do they get when even they are not a good alternative? >> we don't think valuation matters a whole lot for those stocks. we think it is more about the huge tentacle created by fed buying and now bank of japan. some of that buying weakened into the u.s. this is t
defeat to student card. -- stuttgart. there was a mixup in the defense. stuttgart extended its lead. >> this defeat leaves them off the pace for a top-four finish and mired in the fight for europe league football next season. two golf now, and adam scott put in the performance of a lifetime to win the masters tournament. rex he overcame argentina -- >> he overcame argentina's angel cabrera to become the first australian to ever win the green jacket. >> it is much more than a green jacket. it is a trophy like no other. it is keeping adam scott warm. after an epic playoff, he became the first australian ever to win the masters. he was made to work hard for it by argentinian angel cabrera. they had both finished on 9 underpar, leading to a tense head-to-head playoff. on the second playoff hole, scott held his nerve and nailed the decisive putt. the battle was a fitting way to earn an historic victory. >> and the celebrated british conductor colin davis has died at the age of 85. >> davis was internationally renowned for his interpretations of mozart, site alias -- stability is -- mozar
, tinto or cliffs natural resources were also weak. defensive names like walmart were also done, but fared better. the main catalyst for the sell off was concerns about slower global growth. china reported gdp for the first quarter below expectations. with europe in recession, trader rs now worried where is the growth going to come from. i'm bob pisani at the new york stock exchange. >> as bob just mentioned, the price of gold plunged today, recording its second worst loss ever and closing below $1400 an ounce for the time in more than two years. today was the first time ever that the dow and price of spot gold both recorded triple digit losses. why is selloff and what may be next for the precious metal? jackie deangelis has our report. >> another massive selloff in the gold market today, but what's fuelling the fur rouse rotation? several factors are at play including the continued strength in the equity market. gold had lost its luster, but gold is also an inflation hedge and as long as the fed continues with its stimulus program, investors believe inflation is likely to remain in check.
challenges in trimming the defense budget has this program is in some ways singular in terms of its cost overrides, it's delays in the way it's been structured to as a right and a piece, it's most effective defense advocate will not be all of its radars and sensors and missiles and stealth technology and ability to fly at superfast. it may be the way it's designed to avoid coverage in washington. >> german finance minister wolfgang schauble was in washingtwashingt on today. he said he expects the european economy to begin improving in 2014 lead at a slower rate than the united states in developing nations. mr. schauble is attending the g20 finance ministry meetings. from the council on foreign relations, this is an hour. [inaudible conversations] >> be careful. >> ladies and gentlemen i am carla hills. i'm cochair of the council on foreign relations and we are privileged indeed to have with us the honorable wolfgang schauble, a highly experienced german government official who is currently serving as minister of finance. you have his resume and we are running late so to maximize their t
are again, a defensive day by and large. the big question i got early this morning is what the heck happened in germany? i don't have an answer for you, and some people are calling it a mini flash crash. the dax dropped 180 points in like, eight minutes right after the open and i don't have an explanation and there is a series floating around about fat figure trades and it was very unusual to see that. germany is now down eight in a row and we are are down 1.7% in germany. france was down 1.5% and there were many knock-on effects as a result of this and that's all i can tell you about it. carl, i think you were mentioning these ping-pong markets and that's the other big topic overnight. so you are down 234 on monday and you're up 160 on tuesday. you are down 103 on wednesday here and it's very tough for active traders to take positions. you get a lot of complaints about this stuff. you get stripped out every day depending on which side you're buying protection on, going long or going short and it's hard to take positions and it gets frustrating for active traders and of course, you can stand
without using components made by potential adversaries, and i gave a talk at national defense university in washington three years ago, and they said, yeah, we kind of know that, but the defense contractors control congress, and nobody cares. okay, i'm not a defense guy. i'm talking to military officers. you guys worry about it. now, if you don't mind the idea of the u.s. being dependent for its defense on a hostile deck at a timer ship, go ahead. t somebody else about it, but that's part of free trade. other nations manage this stuff. the u.s. historically prior to the end of the cold war had controls on this stuff because we understood that you need descril base, not just for economic reasons, but also for security. now, interestingly enough, this ties back into american history because i mentioned al exapedder hamilton before. one of the reasons that he became a protectionist, and he was the lone economist among the founding fathers, the guy who turned this country in that direction. he talked to general washington and said, look, if we just have free trade in the new country pee put
is investors chasing the most defensive areas, when you see coca-cola and general mills and these great companies and that's the leadership area of the market, that doesn't express global growth. we want to show those, the energy names and that's real in this country and that's not going to get the respect. the housing recovery is real and it's not going to get that respect and we need to show that is the future of the economy and to do that, the economy will stand on its own two feet and otherwise it will be renters of stocks and not buyers of stocks and they'll believe that the fed is propping up the market and the market can't stand on its own two feet. what should we do? what is an investor to do now? sure, again, the volatile that's crept out of the market can be an opportunity for investors and if we look at what's been left behind in this rally and we talk about something like energy. if you believe the global growth story is real and some of the industrial names that are down in sympathy with gold and that's where an opportunity lies and if you look at the miners and the industr
of the samsung galaxy preorders. in australia, defense sectors powered ahead and sensex now trading flat while the country is seen as a big beneficiary to the recent weakness in commodity prices. back to you. >> okay. thanks very much for that. turning our attention to european session as i mentioned just in the last couple minutes here we've turned sharply lower. a sell-off of 0.7 of 1%. decliners outpace advancers by 4 to 1 ratio. the market is scratching around for this particular sell-off. we're down almost three-quarters of 1%. italy down about 0.4 of 1%. presidential selection process will begin tomorrow. here's a look at the bond space to see if we see major moves to echo the concern we've seen across the equity space but not quite. look at spanish and italian debt, they are rallying. here's a look at what's happening across the space. sterling is weaker. we'll hear bank of england minutes out in just a couple minutes time. dollar/yen weakened this morning but not as much as you would expect given the sell-off across commodities. on cnbc.com, london's mayor boris johnson arguing that fa
Search Results 0 to 7 of about 8

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